The BNY Mellon International Equity ETF (BKIE) is rated Hold due to structural underperformance versus both passive and active peers. BKIE's 0.04% fee matches SCHF, but its narrower index coverage and exclusion of South Korea have cost investors meaningful returns. SCHF offers broader exposure and better cyclical positioning, while AVDE's active management has delivered nearly 600 basis points of outperformance in 2025.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 5,528 | $404,843.49 | $554,347.84 | $149,504.35 | 36.93% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 1,890 | $162,815.05 | $189,226.8 | $26,411.75 | 16.22% |
| LR Lisa Rolon Fifth Third Wealth Advisors LLC | 7,440 | $666,252 | $741,619.2 | $75,367.2 | 11.31% |
| RF Ryan Fink Treasure Coast Financial Planning | 27,694 | $1.76M | $2.76M | $1M | 56.87% |
Jeffrey Gilbert Balboa Wealth Partners | 6,936 | $648,030.48 | $691,831.32 | $43,800.84 | 6.76% |
| ARCA Exchange | US Country |
The fund in question is structured to exclusively invest its capital into a broad range of equity securities, specifically targeting the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR. This decision to invest aligns with the fund's strategy of capturing the performance dynamics of developed market companies, excluding those from the United States, within the large- and mid-capitalization segments. By focusing on a free float market capitalization weighted index, the fund aims to provide investors with a diversified exposure to international developed markets. Its selection of investments expands beyond direct equity to include depositary receipts replicating the index's underlying securities, Exchange Traded Funds (ETFs) that offer similar market exposure, and derivatives that mirror the economic characteristics of the index or its constituent securities. This approach underlines the fund's objective of leveraging the growth potential of developed markets while maintaining a non-diversified portfolio structure.
The core of the fund's investment strategy revolves around allocating assets into equity securities that form part of the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR. This includes stocks of companies from developed markets, providing investors with exposure to large- and mid-size companies outside of the United States.
In addition to direct equities, the fund invests in depositary receipts. These are negotiable financial instruments issued by banks that represent a specified number of shares in a foreign company traded on a local stock exchange. This allows the fund to gain exposure to international stocks while adding a layer of liquidity and accessibility.
The fund includes investments in ETFs that track the performance of the Solactive GBS Developed Markets ex United States Large & Mid Cap USD Index NTR or similar securities. ETFs offer a practical way for the fund to obtain diversified exposure to a broad array of stocks within the targeted index, enhancing the investment strategy's reach.
Derivatives with economic characteristics similar to the securities or the index itself also form part of the investment portfolio. These financial instruments, such as futures and options, provide the fund with strategies to hedge against potential risks or to speculate on the direction of the index and its constituent stocks. By including derivatives, the fund can aim for more stabilized returns irrespective of market volatilities.